." >> reporter: the berkshire mountains of western massachusetts, home to the historic red lion inn inckbridge, operating continuously since 1773, back when the tab might have been settled with newly minted so- called continentals, revolutionary currency. 240 years later, i can pay by united states dollar, of course, or credit card. paul solman. what's my bill? >> right now, you have an outstanding balance of $148.10. >> reporter: $148.10. but the inn offers another option. but i'm going to get berkshares... >> oh, perfect. >> ...to pay with. that's okay? >> absolutely. >> reporter: berkshares, an alternative, small-is-beautiful, local currency born in 2006 and now accepted by some 400 businesses in berkshire county. the process begins at five area banks, one conveniently right next door to the red lion inn. among them, the banks have about a million berkshares in their vaults, circulated only when someone like me steps up to the window. can i trade dollars for berkshares here? no questions asked? no fuss, no muss, and you buy berkshares at a 5% discount, getting 105 berkshares for eve

reserve is the greatest hedge fund in history says warren buffett the eighty two year old who has led berkshire hathaway for more than four decades hailed the fed's ability to make money from bond purchases as a result of quantitative easing which in five years is more than tripled its balance sheet to more than three point six trillion dollars the fed is the greatest hedge fund in history he said yeah right ok it's a four trillion dollar hedge fund so if they want the price of stocks to move up

ceoow berkshire hathaway warren buffett. he was interviewed at georgetown university by bank of america ceo brian moynihan for more than an hour. [applause] >> good evening, georgetown. it is a pleasure to be here. for those of you who were here last year, we had bono come talk to you about what he did. year, i was thinking about who we should bring in. i talked to bono and he said if you want to bring a real rock star, ring warren buffett. buffett.warren he has done things that i could never do. last year we brought you a rock star. this year, we brought you a real rock star. [applause] i am going to ask warren buffett a few questions and then we will take your questions in the crowd. where the president left off. this is your hometown. what are your best memories of being around georgetown? papers inered georgetown 66 years ago. i developed this affinity because in the hospital, people tipped. my regular customers, the ones who knew me, never tipped. one of the things they would do, they would give me cash checks. a woman

berkshire hathaway, that's interesting.it's an insurance company. cogent, well, you have more telco there. we have tech, retail, clothing, apparel, entertainment, and diversified. that is just perfect! guy came to play. you know, kind of overweighted. took a lot of first-round guys. not bad. the other guys in the league, obviously picked kickers to start. let's go to ken in florida. ken? >> caller: boo-yah, jim from lakeland, florida. >> boo-yah. >> caller: thank you for all you do. i really profited from being a fan of your show. >> thank you. >> caller: tonight my top five holdings are united health care, home depot, starbucks, apple, and adobe. >> oh, we have to do some tough work here. starbucks, we know that company. that's our growth stock. quarterback, we like that name. united health, that's terrific defense. health care. home depot, well, we're familiar with that from the last pick. that's a retailer. now here's the problem, adobe and apple, my charitable trust owns both. we'll get rid of apple today, don't take it

berkshire hathaway. >> neil: ben, why i have you here, what do you make of the drum beat of war and howl is it and how big a deal it gets to be? >> it's terrifying to me. syria is a quagmire of quagmires. i really hope we don't get in. i don't see any point in it at all. >> neil: all right. front and center. it will be all anybody is talking about next week. presidential address next tuesday night. we'll cover it live as the nation once again on the brink of war. here's dave. ♪ ♪ >> david: well, get this. the very folks supporting the president the most are still hurting the most. take a look at this. while the nation's unemployment rate is now at 7.3%. it's much higher for the president's biggest fans. meanwhile, household income, for those same groups dropping. much more than the national average. under this president. and some here saying this is proving the administration's policies are hurting, not helping. but are they right? hi, i'm david asman. welcome to "forbes on fox." john tandy, rick unger, elizabeth macdonald, is a dryia schaefer. and the very people who fought

involved in overseeing a lot of the companies in the berkshire hathaway portfolio.es around. definitely a comer. >> that has to be an insane job because berkshire hathaway owns such diverse properties. you have to catch up. all sorts of things. >> she also brings the average age there down by 30 years. >> exactly. i thought it was 85. >> she went to business school and got out and she really sent him a pitch. think about the education you get learning at the hands of the master. she's got such access to him it's unbelievable. >> oh, my gosh the president of cinnabon is 35. pat kole. she's cool. >> she went to the university of north florida and dropped out because she worked at hooters and she had the opportunity -- this is a fascinating story. they sent her, they said do you want to go around the world and open some markets for us. she started doing that. >> for hooters. >> she ended up leaving colleague and worked her way up and became vice president. she's been at cinnabon for three years. cinnabon is at the airports. >> only 3,000 calories. >> they are putting t

etf that tracks the stock investment made by berkshire hathaway warren buffett. >> david: smart guy.gan? >> yeah, i love this etf. just don't expect to make your own billion dollars off of it. low-risk, low-reward. >> david: so kay. lifestyle stock. equity lifestyle property. >> this is tiedo the cover figures. i pays nice 3% dividend. recently upped t guidance. >> david: emac? >> price for lifestyles of the rich and famous right now. 33 types earnings. buy itn the down swing. >> david: that's it for "forbes on fox. have a great weekend. eric bolling and "cashin' in" starting now. ♪ ♪ >> eric: you better not be packing heat if you want that mocchachino. >> customers should not bring them inside the starbucks store. >> eric: the ceo asking customers to lve their guns at home and now a lot of americans, pro-gun americans are mad as hell. is he right or stepping on your rights? plus -- >> obviously, there were a lot of red flags. >> officials admitting there were warning signing about the navy yard shooter before he went on his ram pain. we heard this before about mass killers. so is th

become difficult to separate nature from berkshire because of these in our mental factors. thing that is interesting is music manifests itself in some way different ways. not all composers can blame their instruments very well. and not all instrumentalists compose, and there are for rangers that do not play or compose. you would not say that they are not musical. then you have all of these people who are musical experts, disk jockeys, film supervisors, and they have what we would call musical sensitivity, but it manifests itself in so many different ways, the hunt for a gene is complicated by that. if you are looking for a gene that might give you blond hair, that manifests itself in different ways, but more less is blond hair. musicality is 10 or 12 different things. and to become a great musician requires different personalities. you have to be willing to sit in a room off for hours on end practicing, that kind of willpower, and you have to have a belief in yourself, certainly, for the first few years of musical training, it does not sound very good. you have to believe i

ed to the mount is positioning itself as the berkshire's literary hub, drawing the attention of writers the world over. its champions also include former first lady laura bush who first fell in love with ethan fromme as a west texas school girl. >> people read warton and realize a lot has changed, a lot is still very much the same and she just is so clean and muscular in a way that she sort of expresses it and observes it that her writing is as relevant today as it ever was. >> this is pbs "news hour" saturday. . >> finally tonight an excerpt of a front line documentary airing tuesday night. it's called "egypt in crisis." the program examines the current chaos and asks, how do we get here and what happens next? >> reporter: from tahrir square, morsi stood already before his supporters in a signal he was not afraid, he showed the crowd he was not wearing any body armo armor. >> he got elected by the people, 52% of the people of the egyptian people. i don't care why they were voting against his opponent, but they elected him. why don't people just accept this? >> reporter: morsi promised

reserve is the greatest hedge fund in history says warren buffett the eighty two year old who has led berkshirehathaway for more than four decades hailed the fed's ability to make money from bond purchases as a result of quantitative easing which in five years is more than tripled its balance sheet to more than three point six trillion dollars the fed is the greatest hedge fund in history he said yeah right ok it's a four trillion dollar.

reserve is the greatest hedge fund in history says warren buffett the eighty two year old who has led berkshire hathaway for more than four decades hailed the fed's ability to make money from bond purchases as a result of quantitative easing which in five years is more than tripled its balance sheet to more than three point six trillion dollars the fed is the greatest hedge fund in history he said yeah right ok it's a four trillion dollar hedge fund so if they want the price of stocks to move up they go in and they buy stocks they buy us and p. futures if they want the price of gold to go down they sell gold they sell naked futures in the gold market they work with banks on wall street selling futures contracts they.

reserve is the greatest hedge fund in history says warren buffett the eighty two year old who has led berkshire hathaway for more than four decades hailed the fed's ability to make money from bond purchases as a result of quantitative easing which in five years has more than tripled its balance sheet to more than three point six trillion dollars the fed is the greatest hedge fund in history he said yeah right ok it's a four trillion dollar hedge fund so if they want the price of stocks to move up they go in and they buy stocks they buy us and p. futures if they want the price of gold to go down they sell gold they sell naked futures in the gold market they work with banks on wall street selling futures contracts they move prices where they want prices to go so in the case of stocks they like to move them higher because the dow jones according to alan greenspan another federal reserve chairman saying that everything that they do in policy in washington is to make the stock market go higher forget the fact that a vast majority of americans don't own stocks vast majority of americans are on food s

reserve is the greatest hedge fund in history says warren buffett the eighty two year old who has led berkshire hathaway for more than four decades hailed the fed's ability to make money from bond purchases as a result of quantitative easing which in five years is more than tripled its balance sheet to more than three point six trillion dollars the fed is the greatest hedge fund in history he said you know right ok it's a four trillion dollar hedge fund so if they want the price of stocks to move up they go in and they buy stocks they buy us and p. futures if they want the price of gold to go down they sell gold they sell naked futures in the gold market they work with banks on wall street selling futures contracts they move prices where they want prices to go so in the case of stocks they like to move them higher because the dow jones according to alan greenspan and other federal reserve chairman saying that everything that they do in policy in washington is to make the stock market go higher forget the fact that the vast majority of americans don't own stocks vast majority of americans are on

. >> at least in my opinion price line hit $1,000 per share that is berkshire hathaway league becauseoo many stocks and over $1,000 but there are thousands of travel sites is william shatner the key? >> this is like $1,000 in in the head end revived through the wonderful marketing campaign and has $1.6 in earnings over the trading 18 times earnings but they bought to a other companies in europe and asia respectively. >> the reason is it probably should have gone away but they did a reverse stock split in 2003 and the company was left for dead thanks to the innovation and william shatner they have prospered but it has been a tough road for the long-term holders even now it is just back to where it was when add the ipo in 1989 -- 1989. neil: they are fading fast now thoroughly and outsmarted by betty else now blackberry lays off 40 percent of the workers. who is the next to black perry? >> i think it is the state of new york it is a financial injun delicate the municipal bond funds they have done terribly this year so if i have to shore so anything unfortunately it would be the state of

of their workforce, theyrk expect tof lose $1 billion in th second quarter and now basically, the berkshire-hathaay of canada, the fairfax financial insurance company they want to buy blackberry for $4.7 billion to give youyo perspective that is less than th $5 billion. back in 200 2000 severn blackbel was worth $100 billion. $1 it's struggling. apple gaining a lot of market share, launching record sales of the new cell phone.ll this is the new course for blackberry. >> let's talk about this, women's wages, we got a long way to go before the women will be equal to the men when it comesco to getting paid. >> exactly. women have recovered all the jobs theyre lost during the recession. however, those jobs aren't thath money making, we should say. a census bureau reports, thatts, women still earn $0.77 on the7 n dollar for every dollar that men earn and there's a huge gap.ga women have the lower paying jobs and those bottom earners, essentially if you look at it,t it's going to take until 2058, another 45 years for women to make as much as men. me we will be retired by then. >> a lot of people will b

so -- >> what's it like being on the berkshire board? >> well, for me, it's fantastic.so seeing warren, you know, occasionally so to speak is really great. he's so bright. and the other members of the board are bright. but the thing i really love also is, you know, meeting the different company managements and learning about those businesses. you know, recently lucky enough to see the geico management. and that's a terrific company. warren was so smart to buy that entire company. i mean, they're really a great company, low cost, something to the consumer, everyone should really see if they can save 15%. >> the camel. >> hump day. >> the iconic, the advertising for i don't know how many iconic commercials are good for. there's like five different themes i can remember and they're all pretty good. >> yeah, they have the gekko the pig the camel. >> the two guys. >> camel on hump day. >> yeah. >> some other good ones. >> cave men. >> oh, you remember? the cave men. there was a sitcom came about from -- >> right. >> they didn't cast the right guys because the geico guys were

the head of berkshire hathaway is also last year's biggest earner adding 12 and a half million dollarso-founder of larry ellison did not do badly either rounding out the top three at $41 billion. up next, american students being eclipsed by their peers all around the world. fax that could end up in danger in our nation's prosperity, so says the author of a new book. he joins us here next. >> thirty years of your david stockwell was ronald reagan's financial backing. now he is saying watch out for all this money printing. here comes another crash. 9:20 a.m. easte um... where's mrs. davis? she took an early spring break thanks to her double miles from the capital one venture card. now what was mrs. davis teaching? spelling. that's not a subject, right? i mean, spell check. that's a program. algebra. okay. persons a and b are flying to the bahamas. how fast will they get there? don't you need distance, rate and... no, all it takes is double miles. [ all ] whoa. yeah. [ male announcer ] get away fast with unlimited double miles from the capital one venture card. you're the world's best tea

nokia, berkshire hathaway class b. citigroup and ford. >> pennington. beat them in soccer.m. coaching the 12-year-old girls. two financials. got to get rid of citi and add health care, we got tech. let's add -- lockheed martin. i've been watching them win a lot of contracts. in defense. and then we are diversified. stay with cramer. ♪ [ male announcer ] staying warm and dry has never been our priority. our priority is, was and always will be serving you, the american people. so we improved priority mail flat rate to give you a more reliable way to ship. now with tracking up to eleven scans, specified delivery dates, and free insurance up to $50 all for the same low rate. [ woman ] we are the united states postal service. [ man ] we are the united states postal service. [ male announcer ] and our priority is you. go to usps.com® and try it today. [ male announcer ] and our priority is you. small business owners are using tools like email and social media marketing from constant contact to grow their business. they're getting customers coming back. fans following their busine

the head of berkshire hathaway is also last year's biggest earner adding 12 and a half million dollarsle co-founder of larry ellison did not do badly either rounding out the top three at $41 billion. up next, american students being eclipsed by their peers all around the world. fax that could end up in danger in our nation's prosperity, so says the author of a new book. he joins us here next. >> thirty years of your david stockwell was ronald reagan's financial backing. now he is saying watch out for all this money printing. here comes another crash. 9:20 a.m. eastern. this man is about to be the millionth customer. would you mind if i go ahead of you? instead we had someone go ahead of him and win fiy thousand dollars. congratulations you are our one millionth customer. nobody likes to miss out. that's why ally treats all their customers the same. whether you're the first or the millionth. if your bank doesn't think you're special anymore, you need an ally. ally bank. your money needs an ally. ...amelia... neil and buzz: for teaching us that you can't create the future... by clinging

nokia, berkshire hathaway class b. citigroup and ford. >> pennington. beat them in soccer.g the 1-year-o inin inin. two financials. got to get rid of citi and add health care, we got tech. let's add -- lockheed martin. i've been watching them win a lot of contracts. in defense. and then we are diversified. stay with cramer. hero: if you had a chance to go anywhere in the world, but you had to leave right now, would you go? man: 'oh i can't go tonight' woman: 'i can't.' hero : that's what expedia asked me. host: book the flight but you have to go right now. hero: (laughs) and i just go? this is for real right? this is for real? i always said one day i'd go to china, just never thought it'd be today. anncr: we're giving away a trip every day. download the expedia app and your next trip could be on us. expedia, find yours. [ male announcer ] staying warm and dry has never been our priority. ♪ catering to the conveniently located has never been our priority. our priority is, was and always will be serving you, the american people. we get to see everyone in america almost every

now we're seeing a surge from the berkshire brothers.nd $30 or $40 on something that fits better and lasts longer. >> you know, we've been growing at 2% and there's a lot of complaining out there. and employment has been, you know, very soft and anemic and so forth. my question to you is as an entrepreneur who started this thing what was it like? how did you do it? did you get discouraged sometimes? you read the newspaper you can kill yourself if you're in business today. >> it was a tough time to go into business but it created a lot of opportunity for us. you get things at almost half price when nobody sells in the market. from a customer standpoint we came in, we're mostly an online business. we're selling shares in a convenient way. people looked around and said i'm used to buying nice things. why am i paying $400 for this dress shirt. tried it and loved us. we've seeing growth at 150% year-on-year. we're up to 15,000 plus customers. that's because people are coming back and liking the product. >> that's the spirit of entrepreneurshi

. >> last week the ceo of berkshire hathaway spoke at georgetown university. he talked about philanthropy and the economy. he was interviewed by the ceo of bank of america brian moynihan. he talked about one hour. [applause] >> good evening, georgetown. it is a pleasure to be here. for those of you who were here last year, we had bono come talk to you about what he did. this year, i was thinking about who we should bring in. i talked to bono and he said if you want to bring a real rock star, bring warren buffett. he has done things that i could never do. last year we brought you a rock star. this year, we brought you a real rock star. [applause] i am going to ask warren buffett a few questions and then we will take your questions in the crowd. i will start where the president left off. this is your hometown. what are your best memories of being around georgetown? >> i delivered papers in georgetown 66 years ago. i developed this affinity because in the hospital, people tipped. my regular customers, the ones who knew me, never tipped. one of the things they wou

fairfax financial sometimes called the berkshire hathaway of canada. largest shareholder. news from apple today. it sold 9 million of its new devices. way more than analysts had predicted. more than 200 million ios devices running on ios 7, apple's new operating system. investors can expect total revenue for the fourth quarter to reach high end of guidance $34 to $37 billion. gross margins near the high end as well, 36 %. they say worries about declining revenue are off the table. now the question, he says, just how much can they grow the bottom and top lines? finally, microsoft showing off its next generation surface tablets today. the surface 2 and surface pro 2, both go on sale october 22nd. they'll be available in 22 initial markets. mr. wapner, back to you. >> mr. lipton, thank you. while apple shares are up close to 5%, microsoft shares are flat. but microsoft is beating apple's performance 20% year to date. aztec wars heat up, which is a better buy for your portfolio right now, apple or microsoft? talking technicals is jonathan at miller tabake

warren buffett and berkshire hathaway proving yet again why he deserved that name.d comes from goldman during the financial crisis. should receive about 13 million shares of goldman by exchanging. it will make its sixth biggest shareholder. meanwhile losing money today, everyone it was j.c. penney. sears grew over the retailer's finances and whether its management and save it from the abyss. the stock is lows level since 1982 during savings to date before closing down more than 2%. two fifths of the market value has been wiped out over the last 15 trading session. and making a rating records. the series finale poll then converts in million viewers, the best and the show's history. amc investors are clearly happy with those numbers. the stock rallied more than 2%. that is all we have for you. i hope you may "money" today. be sure to tune in tomorrow for my interview with the ceo of florida blue. it is the largest insurer in the state. if you want to know what will happen if obamacare kicks in? and bet he has the answers. you can hear a cry from the horse's mouth. can

coming in at number two, warren buffett of berkshire hathaway with $58 billion.arry ellison of redwood city's oracle grabs the number three spot with $41 billion. other notables, larry page and sergey brin take the 13th and 14th spot with $24 billion a piece. mark zuckerberg, facebook, comes in at number 20, $19 billion. elon musk of tesla motors makes the list at number 61 with, oh, god, poor guy, he only has $6 billion. >> rob mayeda is also on that list. you don't release your w-2s, so we don't know. >> is your billion with a very small "b?" >> yes, lower case. absolutely. we've been looking at some interesting weather last couple of days around the bay area. temperatures warming up some today. sunshine for now. i know the calendar says it's still the last week of summer but we have a chance of some showers in the seven-day forecast. i'll have a look at that coming up. >>> rob, let's get to sports. first place a's try to keep the momentum going at home. colin kaepernick has to make good on a bet. the 49ers and raiders. they were on different sides of the win c

. -- anymore than i'd trade some of our great managers at berkshire away. >> what do you think of -- >> whoever has that job, at some point is going to have to do something that's pretty much unprecedented starting with a $3.5 trillion balance sheet, still growing. it's easier to buy than to sell. they don't have to sell. i mean, but playing out the last -- the last half of this game is -- is very different than the first half. brian would know a lot more about that than i would. but i think bernanke ought to be given a chance to play the whole game rather than just the buying end of it. >> brian, what do you think just about the exit strategy? we spoke with stan druckenmiller today. you said he worries the academics at the fed don't necessarily know some of the problems that could come up with this exit strategy. >> i think they've studtied it. they've thought about it. they're playing out the exit strategy as we speak. in other words, the dialogue and transparency and clarity. if you ask the people who work on a trading desk around wall street yesterday, a lot of them were set up t

you can read my letters on the berkshire hathaway web site.me of those that i had gotten much younger people very energetic people common objectives and they work for nothing. that is not a bad deal. >> that stretches the money a long way. >> absolutely. >> the way way of credit is he required them to move the money out. >> they have have got to spend it i die all of the money has to be spent within 10 years. i do not think i can pick out something that a great grandchild will get to be born just because they have the right name. there will be plenty of philanthropists 50 years after i died to take care of the problems that i want the money to be spent properly and i don't believe in trying to control things from the grave. i like to think i can think outside the box for thinking outside of that particular box -- [laughter] >> that may take a lot of philanthropy to figure out. recently i read an article about east lake and tom cousins so this week as many people know east lake golf course in atlanta and the story i read about the development i

berkshire also collects around $300 million a year in dividends from the yield. >> important thing iswo years ago. and he laid it out and said, well, he's going to do it. it would take time. it's just the nature of things. he's cleared away the debris of the past. not entirely, but -- he already made significant progress. you knew he was going to make more progress. he went back to the persuasionipersuasion basics of a positive. and he got rid of this stuff that was -- had been sort of accumulated as they tried to play various trends of the period from 2004 to 2007 or '08. and it was all in place, but it did take time. and so i got a chance to buy. you know, when the crop was halfway out of the ground but not all the way up to harvest. >> so it's been two years since that deal. you are in a position, brian, where you can call the preferred at any point. what does it cost you? $300 million a year? it's got to be good to have warren as an investor. >> why are you bringing this up? >> warren's capital, he has 700 million shares in our company and i think of him as a common shareholder, g

let me challenge you, charlie monger told fox business, the vice chair called school thinking of berkshirey, the right-hand man, it is a rat poison and the mess, who even knows what it is? you totally disagree with that? >> he has a lot of things called dollars. he isn't really thinking of these things. yes i disagree. there are currencies all over the world people don't have confidence in and this is where there is some confidence. appreciating in value versus the peso in argentina which is decreasing. dagen: that is a function of all the central bank confusions of money? >> yes. it could be. but i think throughout history there will always be problems and people will need to get their money out of countries and in 2 countries and it is also an easier way of saying. dagen: i you putting money into drone business now? >> we put money into big coin companies and drone companies and lesson is focused on the incubator of tough foods. and other companies. dagen: those of the next three things. another big thing in the valley is something you started, draper university for a hero's. started to

the chairman and ceo of home services of america, a division of berkshire hathaway.is a sign of the we're pulling out in the context of the conversations that the federal reserve yesterday and everything else saying the economy is improving and housing getting better? >> it clearly is. we are seeing a recovery. we have a long way to go but very encouraging signs and the recovery started last year, is continuing and sales and prices are up in double digits. connell: what is going on with the fed? reuse surprised to see the move or lack thereof or they didn't take rat all or see it the same way or more worries about the future? >> absolutely. based on everything we read and saw that we expected the fed to cut back on the purchases, there was some hope that they would cut back on the purchase of treasurys over and above mortgage-backed securities. when we look at the housing industry there are good signs. recovery is about 50% but it is disturbing that credit standards are very tough and first home buyers set a percentage of purchases in the high 20s, 27%, 28%, historic

. >> buffett was so impressed with jo joey' he is invited him the to next year's berkshire hathaway evening offering to fly him out on his private jet. >> well deserved, you know? >> isn't it? >> buffett by the way owns that jet. >> well, it all works, then. and they don't serve dairy queen on board. >> another story lust just like the homeless man of. someone doing the right thing when no one is watching. thank you. >>> one of the world's most basic foods is getting an upgrade. >> if you're tired of wonder chg came first, the chicken or the egg, the people working in this lab may be able to help. they're trying to make an egg without the chicken. i'm john blackstone. coming up on "cbs this morning," i'll have breaking news about the egg. ♪ i'm watching you. ♪ i'm watching you. ♪ you're knocking me out tonight. ♪ ♪ tonight. ♪ oooooooo. ♪ [ male announcer ] some people lift your spirits... the same way the smooth, creamy taste of coffee-mate... makes coffee and your day better. coffee-mate. coffee's perfect mate. [ crashing ] [ male announcer ] when your favorite food starts a fight, fight b

you can read the letters they wrote them on the berkshire hathaway website. i don't direct them to do and it ain't, but i do tell them if they succeed at everything they do and philanthropy are doing the wrong thing. the important ones are the tough ones. i've got much younger people, very energetic people, common objectives and they work for nothing. that's not a bad deal, right? >> that stretches the money a long way. >> absolutely. >> you require them to move the money out. >> has got to spend it. and when i die, all the money has to be spent within 10 years after the estate because i do not think i can pick out some little great, great grandchild yet to be born just because he is the right name and they will be the best. there'll be plenty of philanthropists 50 years after a day to take care of the problems. i want the money to get spent properly. i don't believe in trying to control things to the grave. i'd like to think i can think outside the box -- did you not said that particular box. last night's >> recently i read an article about eastlake. so this

. >> berkshire would be better, i'd love to see you do that. >> yeah. the arithmetic doesn't work.eighted super colossal index. >> if google split, you'd put them in? >> split two or three times, google's around 800 -- >> you'd put them in then? i'll tell them. >> we'll look at it but we never tell anybody in advance. but definitely we'll look at it. >> why not change the weighting, that would allow you to do some of this. >> we've talked about that. and when you've got an index out there for 100 and some odd years, you'll have to be careful about what you do. but in the long-term, they're not talking tomorrow but in the long-term, i would say there's nothing that's off the table. and, you know, we're willing to talk about that. we've talked about it in the past and we'll keep talking about it. will i be back here tomorrow morning telling you we changed the weighting, i'm quite sure i will not be telling you that. >> what happens in terms of price stock movement on those that get added and taken off in the short-term? >> in the short-term, you probably see some impact that's a litt

it was spotted by a local postman in berkshire, england.uri deller seems to think it may be the work of ghosts. the royal mail is equally perplexed. they said it's certainly not a working mailbox. kate, back to you. >>> the work of ghosts. >>> cause for celebration in south korea today. a giraffe sets a baby-making record, giving birth to, wait for it, her 18th calf. here's patricia woo. >> reporter: it's being called a new world record. f this female giraffe delivered her 18th baby in south korea. no name yet for her new daughter. park officials say this makes her the the world's most fertile giraffe. at 27 years old, she's considered old. one key to her continued fertility is a daily diet and fitness regime that includes more than 22 pounds of her favorite fruits and vegetables. experts say the most important factor is her close relationship with her partner. they've been together for 26 years. back to you, kate. >> 22 pounds of fruits and vegetables a day. >> all in its neck. >> exactly. thanks so much, patricia. >>> the long awaited iph

. >> i still have my mini berkshire hathaway model working on sears and i haven't been able to disproveou will hold it in you disprove it? >> absolutely. i like what he's done. he's taken a lot of cash out of the companies. he's used it to buy back stock. granted it too high a price but a mistake a lot of us have made over the last few years. and they still generate cash. sten still $5 billion in inventory. real estate is amazing. spend our lives understanding the real estate structures, the ownership structure, the leasing structure. yo i just got back from puerto rico looking at sears and k marts in puerto rico. hot spots. >> i want to talk to you about the fund itself. you're open now for new inves r investors. >> yes. >> 50% in aig. you were fund manager of the decade. you've had great performance over a long period of time. but you've had some years, man, that are butte tall. what were you down -- >> we had a brutal 2011. and -- but if anybody, you know, i write these letters so people can go back ten years, five years, to see what i said. >> what should i think if i invest with yo